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European Commission Financial Institutions Risk Assessment

Jones Day

Third Time's a Charm: EU Moves to Approve the Sustainability Due Diligence Directive

Jones Day on

The Council of the European Union ("EU") approved the Corporate Sustainability Due Diligence Directive ("CS3D") on March 15, 2024. The CS3D contains due diligence and governance obligations that will have an extensive impact...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Commission Issues Guidance for EU Companies on Enhanced Due Diligence To Prevent Sanctions Circumvention

On 7 September 2023, the European Commission (Commission) published a guidance note (the Guidance) for EU businesses on the circumvention of sanctions. The Guidance outlines the essential components for a company’s compliance...more

Dechert LLP

Navigating the EU AI Act: Implications for Financial Institutions

Dechert LLP on

EU institutions are aiming to reach an agreement on the final form AI Act through ongoing trilogue negotiations by the end of 2023. The AI Act takes a risk-based approach and categorises AI systems into four risk levels:...more

Jones Day

EU Commission Proposes Expanding EBA Antimoney Laundering Mandate

Jones Day on

The EU Commission is proposing measures to increase financial sector supervision in the wake of money laundering incidents. The European Commission recently proposed expanding the Europe Banking Authority’s ("EBA") mandate...more

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